The Department Store Versus the One Product Wonder?
December 5, 2008
London Stock Exchange loses trade to rivals | business.timesonline.co.uk
In many respects the market share drop in LSE's usual markets is alarming. At the same time, the beneficial impacts of MiFiD are actually being enjoyed by all exchanges - even those losing market share! However, the key problem for LSE remains its rather narrow product range, never minding its ongoing high cost basis compared to arriviste rivals.
Debt Worries Will Chill Brokerage Investors
December 2, 2008
IG’s value plummets by 27% after spread bets on bank shares cause £12m of bad debts in one month | business.timesonline.co.uk
Debt issues often follow major periods of market volatility and all brokers with activities in leveraged products have some degree of risk. With market confidence fragile in the wake of various risk management issues in the brokerage world this year, investors are going to remain very nervous about companies in this sector, particularly those with a principal risk of any kind.
Where MF Global Went, Will Man Follow?
November 17, 2008
Man Group stocks slump on shock performance | business.timesonline.co.uk
Man Group is suffering a lack of investor confidence that may not be unrelated to the aftermath of the somewhat disastrous first listed year of its MF Global subsidiary.
November 17, 2008
Bank of Ireland scraps dividend as profits fall | business.timesonline.co.uk
Bank of Ireland is in a mess and has been working hard to counteract a huge property bubble
Risk Transfer Is A Wondrous Thing!
November 17, 2008
Derivatives:Giving Credit Where It is Due | www.economist.com
CDS trading is a very useful tool for risk transfer. However, the fundamental precept of building houses on weak foundations or muddy ground remains an issue. There is a future for the marketplace without needing to resort to bans or major restrictions. A sound (and ideally open) CCP regime is a pre-requisite for the future of the marketplace.
The Perils of A Single Product Line
November 17, 2008
LSE shares dive after cancelling buyback | business.timesonline.co.uk
LSE has significant issues in dealing with competition Lack of a significant derivatives platform leaves the exchange with a relative lack of options.
July 29, 2008
Regulation of rating agencies is no panacea | www.ft.com
The idea of regulation for ratings agencies can appear a seductive panacea but it is riddled with dangerous implications...
A Processing Giant Assessing Its Futures Future in a World of Turmoil
April 4, 2008
MF Global considers financing options | www.reuters.com
MF Global is one of the key players in the global exchange traded derivatives (ETD) brokerage industry with the power to make and potentially, to break, markets, leading to some fascinating -and very significant- political dynamics within the industry. MF Global has been stung by recent activity on the rumour mill as well as its own frank admission of a risk system failure that cost it dearly. MF Global has a massive opportunity but knows it must work hard to ensure its reputation is whiter than white - particularly as some of its acquisitions have included key elements of the tarnished Refco name etc.
Amazon Attempts a Monopolsts's Squeze
April 2, 2008
Amazon Tightens Noose on Print-On-Demand Publishers; Insists They Use Company's Own Service | www.washingtonpost.com
Amazon is attempting to own the book business by exercising control of the small fast growing independent end of the market. Ultimately having done much good for book buyers and helped publishers, Amazon is now in danger of squeezing the small houses they have helped encourage. Book publishing is in danger of having a very significant element of control levied by Amazon which will profit Messrs Bezos and Company in the short term but not in any way assist the development or innovation in the publishing business. In the long term Amazon will see their catalogue shrink. Their market share will decline and they will stifle the growth of the book publishing business. Make no mistake, this is a very very bad day for technological innovators, small businesses and publishing as an industry. For Amazon, it is a foolish plodding play of a monopolist which plainly has lost sight of the fact that treating suppliers with disdain will create a backlash. Finally expect higher book prices too!
How Foolish We Were ...and Will be Once Again!
March 26, 2008
A Nation of Enrons | www.fool.com
Ultimately all markets go in cycles. The concept that property, to name but one sector, would forever go up, was a delusion of the Florida land grab of the 1920s and umpteen other times in history, not just the very recent past... Sadly in the modern age, the analysis remains that even with new-fangled tools to lose money by, the old fashioned methods of over-leverage and foolishly bullish beliefs are working just fine too.
New FINRA Rule 2210-Simplification Whose Time Has Come
November 4, 2009
ADP Must Grow Three Major Markets for Continued Success
October 22, 2009
Battle for Dominance in Mortgage Fraud Analytics Space
October 17, 2009
All hands on deck, full steam ahead
September 7, 2009
Dollar destined to be second class currency in world's largest banana republic
September 1, 2009